What’s Proportionate Relationship of Polyester Filament and Crude Oil Costs? – The Courier

Market-attractive index according to end-use sectors

The recently published market study by Fact.MR shows the current trends that are expected to influence the dynamics of the polyester filament market in the coming years. The report examines the supply chain, cost structure and recent developments related to the Polyester Filament Market in the report, as well as the impact of the COVID-19 on these facets of the market. In addition, the micro and macroeconomic factors that can influence the growth of the polyester filament market are examined in depth in the presented market study.

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The polyester filament market is expected to have sales of over $ 87,000 million by the end of 2018. A significant growth in the use of polyester in the textile industry, including apparel and home textiles, and a growing demand for polyester filaments in the manufacture of auto textiles are some of the most important factors driving sales in the polyester filament market.

The Fact.MR study assumes that sales of fully drawn polyester filaments are likely to outperform other types of polyester filaments. The continued preference for fully drawn yarn used in the manufacture of textiles and fabrics for high quality sportswear, underwear, and home textiles is driving the significant growth of fully drawn yarn in the polyester filament market.

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The demand for drawn textured yarn and fully drawn yarn is growing in the textile industry. However, with the development of aftertreatment technology and the lower cost of fully drawn yarn, it is likely to outperform drawn textured yarn in the next few years.

Fully drawn polyester thread sales are also expected to remain high in the manufacture of polyester embroidery threads, which are widely used in sewing. India, China, Thailand and Malaysia are the leading manufacturers and exporters of fully drawn yarn in various countries.

The textile industry accounts for over 60% of the share of sales in the polyester filament market

The demand for polyester filaments in the textile industry is expected to see healthy growth. The textile industry creates a strong demand for polyester filaments, which to some extent can replace cotton yarns. With relatively higher cotton yarn prices, demand and sales of polyester filament yarn are steadily increasing.

The report believes that wider profits in a number of end-use industries will increase the percentage of polyester filament yarn used in products to control costs.

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In recent years there has been a great demand for polyester filament for medical textiles covering a wide range of products including surgical gowns, diapers, and products for internal use such as surgical procedures. The demand is likely to continue in the years to come.

As the textile, apparel, retail and fashion industries move towards sustainability, interest in recycled polyester filament yarns in the manufacture of new products increases. In addition to technological developments in clothing and textile manufacturing, polyester filament manufacturers are constantly focusing on making recycled polyester filaments to meet the growing demand.

APEJ remains in pole position in the polyester filament market

According to the Fact.MR study, APEJ will be the most lucrative market for polyester filaments. Demand is expected to exceed 14,000,000 tons by the end of 2018. China, India, Indonesia and Thailand are the main APEJ countries dealing with polyester filament. Polyester and nylon fiber manufacturers in the Asia-Pacific region have also increased prices with the rise in crude oil prices and growing demand for synthetic fibers.

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The Fact.MR report tracks the polyester filament market for the period 2018-2027. According to the report, the polyester filament market is expected to reach 4.9% CAGR in terms of volume during the forecast period.

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